Metro closes paper and pulls out of Poland

Metro International , the company that publishes free newspapers across the world, has closed its operation in Poland. It said today that the last edition of Metropol was published on Friday. "Metro Poland has failed to meet the required profitability and growth criteria set for each of our operations," said Metro International president and ceo Pelle Tornberg. "We have thus taken the decision to exit the Polish market and close down Metropol in order to focus our resources on higher growth and larger scale strategic markets." This is a rare reversal of fortune for the company which publishes free titles in 93 cities in 20 countries. (Via Newsdesk Sweden)